Pohjola Group performance for January-June 2015 - Seite 2

  

Financial targets	H1/2015	H1/2014	Target	2014
Return on equity, %	17.0	17.2	13	14.3
Common Equity Tier 1 ratio (CET1), % *)	13.8	11.9	15	12.4
Operating cost/income ratio by Banking, %	26	32	< 35	33
Operating combined ratio by Non-life Insurance, %	87.8	84.5	< 92	84.7
Operating expense ratio by Non-life Insurance, %	18.2	18.1	18	18.4
Non-life Insurance solvency ratio (under Solvency II framework), %**)	137	137	120	117
Operating cost/income ratio by Wealth Management, %	49	49	< 45	42
Total expenses in 2015 at the same level as at the end of 2012	249	267	514***)	531
AA rating affirmed by at least two credit rating agencies or credit ratings at least at the main competitors' level	2	2	2	2
Dividend payout ratio at least 50%, provided that CET1 ratio is at least 15%. Dividend payout ratio is 30% until CET1 ratio of 15% has been achieved.			> 50 (30)	30

*) Operating ratios exclude changes in reserving bases and amortisation on intangible assets arising from the corporate acquisition.